At Lincoln House: The housing reset: "The housing bust left many things in its wake, but some of the most troubling detritus are the “zombie” and obsolete subdivisions sprawled across peripheral areas – approved and platted, some partially built but most just lots, unimproved roads and the occasional lone lamppost – all over the country but particularly prevalent in the South and Intermountain West."
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This is the weblog of the Lincoln Institute of Land Policy. They have some ideas about what may happen to the zombie subdivisions.
1 comment:
Interesting. The properties were also all "planned developments" - pretty much guaranteed to be HOA-burdened property. So much for that "desirable" HOA property. What I got from the article is that people would rather do anything but buy an HOA-burdened house.
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